Climate change policies and endogenous technical change in a general equilibrium modelling framework : trade spillovers, knowledge stocks and rebound effects

This work is structured into three chapters, each one exploring the effectiveness of climate policies considering the formulation of endogenous technical change (ETC) from different perspectives. Including ETC in a computable general equilibrium model allows combining important feedback mechanisms that may affect the final outcome of a climate policy. The first chapter considers ETC specifically as biased-technical change in the form of trade-embodied international technology spillovers, restricted to imports of machinery and equipment. The second chapter improves the representation of ETC by building sector-specific stocks of knowledge, which accumulate thanks to investments in R&D. The third chapter focuses on the rebound effect by means of the improved ETC model described in the previous chapter.